New York Adjuster BUNDLED Exam 2024 with 100% correct answers

All of the following are eligible for group long term care insurance, EXCEPT: Answer Choices: Select the Correct Answer A group formed as a cooperative to buy insurance at a discount. One or more employer or labor organizations for the benefit of the employees. Any professional, trade or...

Which of the following is one of the objectives of the Terrorism Risk Insurance Act of 2002?Answer - It limits the exposure of individual insurers and the insurance industry as a whole All of the following are used by the courts to establish negligence EXCEPTAnswer - Policy exclusions. Which i...

Which of the following is covered by a dread disease policy?Answer - illnesses that do not occur frequently but incur significant costs when they do occur Which of the following professionals would purchase Directors and Officers (D &O) insurance to manage the liability risk associated with thei...

Which of the following is covered by a dread disease policy?Answer - illnesses that do not occur frequently but incur significant costs when they do occur Which of the following professionals would purchase Directors and Officers (D &O) insurance to manage the liability risk associated with their...

The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? Answer - 30 days When a New York Homeowners policy is still in the 60-day underwrit...

Dram Shop Liability refers to: Answer - Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy?...

Under the farm forms, the maximum amount payable for a loss to a satellite dish is:Answer - The correct answer is: $1,000.. The State Insurance Fund provides workers compensation coverage for which of the following?Answer - The fund is for both those employers unable to obtain coverage and thos...

Which of the following would NOT be found in the conditions section of a homeowners insurance policy? Subrogation rights Duties of the insured Insurance premium Mortgagee clauseAnswer - The insurance premium is not shown in the conditions section of the homeowner policy. Which of the fol...

Offering any return of premium, valuable consideration or inducement when purchasing an insurance policy is an example of: Answer - I. Illegal Inducement II. Rebating Under a watercraft or yacht policy how claims are settled: Answer - Actual cash value When may an insured sue an insurance com...